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PerfectlySoft Corp. is experiencing rapid growth. Dividends are expected to grow at 26 percent per year during the next three years, 13 percent over

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PerfectlySoft Corp. is experiencing rapid growth. Dividends are expected to grow at 26 percent per year during the next three years, 13 percent over the following year, and then 5 percent per year thereafter indefinitely. The required return on this stock is 8.06 percent, and the stock currently sells for $61.59 per share. What is the projected dividend (in $) for the coming year? Answer to two decimals, carry intermediate calcs. to four decimals.

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